Virtus Investment Partners Reported Preliminary Assets Under Management Of $183.7B And Other Fee Earning Assets Of $2.4B For Total Client Assets Of $186.1B As Of September 30, 2024.
Portfolio Pulse from Benzinga Newsdesk
Virtus Investment Partners reported preliminary assets under management (AUM) of $183.7 billion and other fee-earning assets of $2.4 billion, totaling $186.1 billion as of September 30, 2024. The increase is due to market performance and positive net flows in retail separate accounts, despite net outflows in institutional accounts and open-end funds.
October 10, 2024 | 11:20 am
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Virtus Investment Partners reported an increase in total client assets to $186.1 billion, driven by market performance and positive net flows in retail separate accounts, despite outflows in institutional accounts and open-end funds.
The increase in total client assets is a positive indicator for Virtus Investment Partners, suggesting effective asset management and favorable market conditions. The positive net flows in retail separate accounts further enhance the company's financial health, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
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